All categories

3 years ago

Transactions for the Sheldon Cooper Company, which provides welding services, for the month of June are presented as follows.

Business

1 answer:

dem82 [27]3 years ago

5 0

Answer:

June 1 Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business.

Account Debited: Cash

Account Credited: Common Stock capital

2 Purchases equipment on account for $1,200.

Account Debited: Equipment

Account Credited: Accounts Payable

3 Pays $800 cash to landlord for June rent.

Account Debited: Rent expense

Account Credited: Cash account

12 Bills P. Leonard $300 after completing welding work done on account.

Account Debited: Accounts receivable

Account Credited: Service revenue

You might be interested in

Cora will be a bridesmaid next summer, and has purchased her dress online. The next time she turned on her computer, Cora was su

Serjik [45]

Answer: direct marketing

Explanation: In simple words, it refers to the method of marketing in which the organisation directly communicates to the customer,which is selected on some predetermined criteria, and offers him or her to respond to the organisation directly as well.

Physical mail, E-mail, telemarketing or calling are some of many sources which are used by an organisation for directly marketing their product.

In the given case, Cora was offered special offers in the market based upon her previous purchase online. Hence we can conclude that the correct answer is direct marketing.

8 0

3 years ago

Which of the following are criteria for determining whether to record an asset as a fixed asset?

valentinak56 [21]

Answer:

must be long lived and used by the company in its normal operations

Explanation:

An assets is something that will help the company to generate value.

8 0

3 years ago

Ayayai Corp. had the following transactions during 2017: 1. Issued $235000 of par value common stock for cash. 2. Recorded and p

Ainat [17]

Answer:$33,800

Explanation:

Sold investment - acquired investment

=5640 - 39,480= $33,800

4 0

3 years ago

Assume you’ve got terrific credit: What would be your likely APR for purchases or balance transfers?

Zielflug [23.3K]

Answer:

The APR stands for the annual percentage rate, and you can hope for a credit card with the least APR since you have good credit. It is the interest rate that is charged annually over the credit you spend. And the average credit card APR is 15.09, as mentioned in the February report. And on account that assesses interest, on average the APR is 16.91. And hence an APR below the 17.57, can be considered as a good one. And hence, this can be your APR for purchases or the balance transfers since you have a terrific credit.

Explanation:

Please check the answer section.

4 0

4 years ago

Balance of trade summarizes

babunello [35]

Answer:

C. The flow of goods and services.

Explanation:

Balance of trade: In Economics, the balance of trade accounts for the inflow and outflow of the goods and services in in a country for a given period, it is also called the <em>balance of payment.</em>

8 0

4 years ago

Read 2 more answers